Leona purchased a $1,000 bond having a quoted price of 99.875. She had to pay a 5.5% brokerage fee (of the selling price). What
1 answer:
Answer:
The total cost of the bond is none of the given choices.
Step-by-step explanation:
The selling price of a $1000 bond = $99.875
The brokerage fee = 5.5 %
Now, 5.5% of $99.875 =
So, the brokerage fee = $5.493
Now, to find out the total cost of the bond:
Total Cost = The selling Price + Brokerage Price
= $99.875 + $5.493
= $105.368
or, the total price of the $1000 bond is $ 105.368.
Hence, the total cost of the bond is none of the given choices.
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Answer:
Vacation pays are not included in salaries. Therefore, Jerry's calculation is wrong.
Step-by-step explanation:
Given is :
Jerry makes $40,000 a year working at a nearby factory.
He gets two weeks paid vacation per year, plus five other paid holidays.
So total paid holidays become = days
Subtracting 19 from 365 days and assuming that Jerry works for 365 days a year.
We get = days
So, his per day salary will be =
Vacation pays are not included in salaries. Therefore, Jerry's calculation is wrong.
Let the total cost of the item be represented by C and the price be represented by P, then given that t<span>he total cost of an item including sales tax is directly proportional to its price, thus</span>
where k is a constant.
Given that <span>the total cost of a $32 item is $33.60, thus
Therefore, the total cost on a $55 item is given by
</span>
where k is a constant.
Given that <span>the total cost of a $32 item is $33.60, thus
Therefore, the total cost on a $55 item is given by